Korea Industrial Q1 2026: Revenue and Profit Decline, Financial Burden Increases

Consolidated revenue KRW 75.2B (down 4.1% YoY from KRW 78.1B), operating profit KRW 3.3B (-9.3%)
Consolidated net income KRW 0.67B (down from KRW 2.5B), separate net loss KRW 0.87B
Consolidated EPS KRW 24 (vs KRW 101), separate EPS -KRW 35
Financial guarantee contracts KRW 154.7B (up from KRW 127.7B), increased contingent liability burden
Net debt KRW 82.3B, debt-to-equity ratio 41.2% (up from 38.3%)
Business combination (pig farm acquisition) generated KRW 4.1B goodwill, expected to contribute to future performance
Dividend: KRW 40 per share for FY2025 (year-end), payout ratio about 10%